Hello reggiemiller,
Something odd is happening in the market. Most of the property stocks' SP are falling and getting closer to being equal to amount of estimated dividend/distribution for FY 08/09. The sellings are being performed by institutions so analysts must know something that I don't.
Does it have something to do with the gear level? Perhaping the weakening of the $A resulted in an increase in gearing level and reduction in buffer against banking convenant requirements. Perhaps, they are predicting that recession will cause more vacant properties and therefore property stocks will not meet their EPS target.
I don't understand what is happening. Perhaps you and others can offer a more educated explanation.
- Forums
- ASX - By Stock
- CER
- consistantly sold down
consistantly sold down, page-15
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CER (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online